Brooke bought a new car for $32,000. She paid a 20% down payment and financed the remaining balance for 48 months with an APR of 4.3%. Assuming she made monthly payments, determine the total cost of Brooke's car. Round your answer to the nearest cent, if necessary.
Brooke bought a new car for $32,000. She paid a 20% down payment and financed the remaining balance for 48 months with an APR of 4.3%. Assuming she made monthly payments, determine the total cost of Brooke's car. Round your answer to the nearest cent, if necessary.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Brooke bought a new car for $32,000. She paid a 20% down payment and financed the remaining balance for 48 months with an APR of 4.3%. Assuming she made monthly payments, determine the total cost of Brooke's car. Round your answer to the nearest cent, if necessary.
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